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28 September 2010 Is it mandatory for me to file an Income Tax Return if I have a PAN?

CA Sanat Pyne

CA Sanat Pyne (Expert)
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28 September 2010 No. The following points explain this clearly:

You need to file an Income Tax Return if your total taxable income exceeds the basic exemption limit before taking into account deductions.
For the financial year 2009-2010, the basic exemption limit is Rs.1,60,000. For women, the limit is Rs.1,90,000, while for Senior Citizens it is Rs.2,40,000.
You do not need to file an income tax return if your total taxable income does not exceed the basic exemption limit before taking into account deductions, even though you may have a PAN.